Description

Trading suspended in KMIL debentures (ISIN: INE975F07IN7) from December 4, 2025 due to redemption record date.

Summary

BSE has issued Notice No. 20251124-57 announcing the suspension of trading in debentures of KOTAK MAHINDRA INVESTMENTS LIMITED. The suspension is effective from December 4, 2025, coinciding with the record date set for redemption of the company’s non-convertible debentures. Trading members are advised not to deal in the specified debentures.

Key Points

  • Company: KOTAK MAHINDRA INVESTMENTS LIMITED
  • Debenture Code: KMIL-8.2134
  • ISIN: INE975F07IN7 (Scrip Code: 975167)
  • Record Date: December 4, 2025
  • Purpose: Redemption of Debentures
  • No Dealings From: December 4, 2025
  • Notice Reference: DR-770/2025-2026

Regulatory Changes

No regulatory framework changes. This is a standard corporate action notification under existing BSE debt market guidelines.

Compliance Requirements

  • Trading members must cease all dealing in the specified debentures from December 4, 2025
  • Members are required to update their trading systems to reflect the suspension
  • No buy or sell orders should be accepted for ISIN INE975F07IN7 from the effective date

Important Dates

  • Notice Date: November 24, 2025
  • Record Date: December 4, 2025
  • Trading Suspension Date: December 4, 2025

Impact Assessment

Market Impact: Medium - Trading suspension affects only one specific debenture series of Kotak Mahindra Investments Limited. Investors holding these debentures will not be able to trade them from the suspension date.

Operational Impact: Low - This is a routine corporate action. Trading members need to update their systems to block trades in the affected ISIN.

Investor Impact: Medium - Debenture holders should be aware that liquidity will be unavailable from December 4, 2025. Those wishing to exit should do so before the suspension date. The redemption process will proceed as per the debenture terms.

Impact Justification

Standard trading suspension for debenture redemption affecting single ISIN. Limited market impact as this is routine corporate action procedure.